Intricate dance between gold and copper prices is a tale beyond mere metals. It reflects global economic sentiments, industrial demand, geopolitical angst, and investment trends. Gazing into the crystal ball to decipher the future of the gold to copper ratio, a fascinating narrative unfolds, particularly highlighting copper's brighter prospects. Copper is...
Cleveland-Cliffs the steel producer looks cheap here. CEO has been working to reduce the blast furnace emissions which gets them a lot of praise. Cleanest steel produces in the world. CLF is vertically integrated and the fact it produces its own ore is huge. May acquire US Steel before year ends which would give this company a lot of power when it comes to the...
Aluminum is a highly cyclical sector just like other industrial metals. If you think the cycle continues, this is the sport to buy at trough levels. It could get cut in half if things get ugly. If things go okay and demand rises and the sector tightens, this stock can travel to $25-30 quick like it has several times before. Small investment. AA Alcoa Corp is a...
For those into junior mining stocks, one of the best indicators of a bull run is the TSX Venture Exhange. Typically, when this chart bounces off oversold territory, it has led to strong bounces for most miners on this exchange and the overall mining sector. A positive divergence is forming on the monthly. No guarantee it will hold up, but something to keep an eye...
As a industrial metal When the economy slows the price of copper nosedives as we saw last summer when that neckline was breached Can we see the same again? sure But electric cars??? What of Tesla . Rivian, BYD makes you wonder, hey?
Nickle Commodity Index DJ:DJCIIK Monthly Chart - Long Term Support Line (holding) - DSS Bressert Cross ideal (TBC) - On DSS cross confirmation you could enter a trade or enter at current price & place a tight stop under the Long Term Support line to protect your position.
Industrial metals were the worst performing commodity sector last month and were down 2.7%1. Over the last six months, the sector is down 15.2% and has created the biggest drag on the overall performance of commodities. China's real estate sector, once the engine of its economy, is now teetering on the edge of crisis because of excessive borrowing, overbuilding,...
TVC:SILVER rallying to the upside & revealing its Bullish inclinations ahead of key Global Economic events. Fibonacci Extension doing a great job identifying key Demand/Supply zones to watch for smaller-timeframe trend rejection/continuations. Dashed horizontal lines (~25.26/~22.21) highlight key Make or Break levels for longer duration Swing Trades. Golden...
I like the setup in $PAAS here to get some #Silver exposure now that silver's trend is bullish in the daily and weekly can fire a spectacular signal in it soon. Best of luck! Cheers, Ivan Labrie.
I have a long-term positive outlook on the industrial metal sector given the increase in demand towards the electrification of the world. I expect a dampening in shorter-term prospect however a renewed surge to fresh record high's in the new year by miners around the world, most notably from Central and South America as well as Africa. This will lead to copper...
Industrial metals prices are traditionally cyclical Industrial metals have historically been cyclical. In this current downturn, we are finding that metal prices are suffering, as they have done in the past. However, the importance of base metals in delivering the energy transition has never been greater. We are currently living in an energy crisis exacerbated...
More and more metal smelters are falling victim to the European energy crisis. Last week, Nyrstar, a large European zinc smelter, announced it would shutter production at its Dutch Budel facility from 1 September 2022 and Norsk Hydro, a significant aluminium producer in Norway, said it will close its Slovakian smelter around the same time. Aluminium is one of the...
Silver is special as it is both an industrial and precious metal. So, let’s look at Silver from both points of view to identify what seems to be dimming the shine on this metal. As a precious metal, we can compare silver with the dollar and yield as both affect the demand for precious metals. Dollar and silver are generally negatively correlated, with a stronger...
While the Federal Reserve, European Central Bank and other developed world central banks are removing the punch bowl from the party, the People’s Bank of China (PBOC) is serving the Baijiu . Industrial metal prices could lift as they move to the afterparty. Developed world central banks removing the punchbowl Increasing fears of an economic recession are...
Hello. I talked about Copper back in March, and then in May, ideas linked below. It has been 6 months, and after patiently waiting well here we are. From a "George Soros investment tips" article: "Short term investing, it must be stressed, is not like day trading. Day trading is really kind of a myth. You can’t just sit at home, follow stock trends and expect to...
If the 200 period MA supports the price, it seems like a good buying opportunity with a stop-loss order below the local low at 1750 USD. Price quotations over 1900 USD are a good sign for continuing the bullish trend. At least targeting the ATH at 2600 USD.
Industrial metals are set to witness an upcoming rally after Joe Biden's $6T budget proposal, The spending plans would fund investments roads, water pipes, broadband internet, electric vehicle charging stations and advanced manufacturing research. CENX is an industrial metal stock that's being traded within a descending channel on the 4hr time frame since March...
First route is based on 2008 bull market in silver. Second route is based on the bull market in late 70s. I think a bullish phase similar to late 1970s makes the most sense. You can check out my analysis on Gold to see why.